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The Council clarified that no GST is payable on ‘penal charges’ levied and collected by banks. Jaisalmer: From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to…
Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer, on December 21, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (December 21, 2024) said that States did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax. “States did not feel…
